577 Richlands Way Fate, TX $ 1,195,000
577 Richlands Way
$ 1,195,000
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577 Richlands Way

Fate, TX, 75087
$ 1,195,000
Bedrooms8 Baths8.0 Sq 2

Monthly Estimate*

$ 7,358

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Multi-Family Home for sale in Fate, TX

for $1,195,000 with 8 bedrooms and 8 full baths. This 2 square foot home was built in 2024 on a lot size of 0.13.

Investor Opportunity in Downtown Fate! Fully leased 4-plex featuring four spacious 2-bedroom, 2-bath units, each approximately 1,025 sqft. Built with quality construction and modern finishes, including Euro-style cabinetry, quartz countertops, tiled backsplashes, electric appliances, open floor plans, ensuite bedrooms, walk-in showers with tiled surrounds, Low-E windows, spray foam insulation, fire-rated walls between units, and energy-efficient appliances and LED lighting. Located in the heart of growing Fate, close to I-30, George Bush Turnpike access, Lake Ray Hubbard, restaurants, shopping, golf, and local amenities. Strong rental market, stabilized income, and fully occupied—an excellent turnkey investment property.

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Multi-Family Active

Price

$ 1,195,000

Bedrooms

8

Full Bath

8

Property Type

Multi-Family

Taxes

$ 10,916

Style

Quadruplex

Lot Size

0.13

Year Built

2024

Town/City

Fate

County/Region

Rockwall

MLS | Web ID

21274734

Features
Interior
Interior Features Cable TV Available Flat Screen Wiring High Speed Internet Available Multiple Staircases Smart Home System
Flooring Luxury Vinyl Plank
Total Units 4
Total Bedrooms 8
Total Baths 8
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General
Heating Central Electric
Complex Name Fate - YRC
Cooling Ceiling Fan(s) Central Air Electric
Utilities All Weather Road Asphalt City Sewer City Water
Possession Closing/Funding
Roof Asphalt Other
Appliances Dishwasher Electric Cooktop Electric Range Microwave Refrigerator
Assoc Fees 180
School District Royse City ISD
HOA Fee Includes Maintenance Structure Management Fees
Pool Y/N 0
Year Built 2024
Levels Two
Property Subtype Quadruplex
Subdivision Name Richlands Plaza
County Rockwall
Property Type Residential Income
Construction Materials Brick Stucco
Year Built Details Preowned
HOA Type Mandatory
# of Buildings 12
Full Baths 8
Status Active
Directions GPS
City Fate
Elementary School Name Vernon
High School Royse City
Elementary School Vernon
Standard Status Active
Listing Terms Cash Conventional FHA VA Loan
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Exterior
Waterfront 0
Parking Features Common On Street Unassigned
Foundation Slab
Building Area Total 2.39
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Internal Only
Street Number 1 577
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* Excluded Features
List By
Chaz Cameli

Listing Agent

Monument Realty

Broker

Affordability Calculator

$8,267
Per Month
89%
11%
0%
Monthly Principal & Interest
$7,358
Monthly Property Taxes
$910
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
285668 Elementary School
3676482 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
6/4/2026$1,195,000 Listed Price

Map


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577 Richlands Way, Fate, TX, 75087 is a Multi-Family Home for sale at $1,195,000 with 2 sqft and a lot size of 0.13. 577 Richlands Way has 8 bedrooms, 8.0 baths, and was built in 2024. The property's zip code is 75087 which is in Fate, TX